[Reporter's Notebook] "Why is DOGE there?"... The Meme Coin Craze Appearing on US Government Websites
Following the inauguration of U.S. President Donald Trump, the appearance of the Dogecoin logo on the Department of Government Efficiency (DOGE) website garnere
What to know
- Following the inauguration of U.S. President Donald Trump, the appearance of the Dogecoin logo on the Department of Government Efficiency (DOGE) website garnere
![[Reporter's Notebook] "Why is DOGE there?"... The Meme Coin Craze Appearing on US Government Websites](https://www.cbci.co.kr/news/photo/202501/482921_293376_717.jpg)
Following the inauguration of U.S. President Donald Trump, the appearance of the Dogecoin logo on the Department of Government Efficiency (DOGE) website garnered significant attention. This event symbolizes that a cryptocurrency, which originated from an internet meme, has now established itself as a core trend in the global coin market.
Few predicted that meme coins, which originated from lighthearted jokes or internet culture, would rise to become a mainstream part of the market. However, the rapid advances of Dogecoin (DOGE) and Shiba Inu (SHIB) have proven that the meme coin market has transcended mere amusement. The domestic market is no exception. Recently, Official Trump (TRUMP), listed on some domestic coin exchanges, has been receiving fervent attention from investors, continuing the popularity of meme coins.
The core of meme coins lies in their mass appeal and basis in 'fun.' Rather than the technological prowess or utility of a specific project, the enthusiasm and humor of the community dictate their value. This is a completely different approach from the existing traditional financial system, offering investors a fresh shock. In particular, thanks to their powerful integration with social media, they exhibit the characteristic of prices fluctuating sharply based on the remarks of specific individuals or current issues.
However, behind the attractive meme coins lurks the trap of 'extreme volatility.' There are often cases where investment psychology is stimulated solely for the reason of being a 'meme,' without any practical use. Because of this, one might enjoy the joy of a surge in the short term, but conversely, the risk of value plummeting in an instant is also high if investment psychology cools down. There are not a few cases where people start out for simple fun and end up suffering huge losses.
The fierce craze for meme coins is intriguing, but it requires an equal amount of vigilance. While the trend cannot be stopped, it is paramount to clearly recognize one's own investment purpose and risk profile before being swept up in the fad. Fundamentally, meme coins are assets with strong speculative elements.
The success or failure of meme coins ultimately stems from the power of the community. Investors should keep this characteristic in mind and establish their own investment principles so as not to be swept away by short-term trends. Following the trend is important, but not losing one's way within it and maintaining a long-term perspective. This is the wisest attitude most necessary for 'protecting my money.'
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